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Why the Feds Rescue Banks, Not Homeowners

The financial bailout is on, and so far the government has injected upwards of $150 billion in a variety of banks, not to mention a $120 billion loan for insurance giant AIG and $25 billion for the Detroit automakers.

As for helping distressed homeowners, Washington is still thinking it over.

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Posted on Oct 29, 2008 at 13:08
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